Can the lightning loan of China Merchants Bank be repaid with the loan?

China Merchants Bank's lightning loan automatically opens the function of borrowing and returning. When repaying in advance, the borrower can enjoy 7*24 hours self-service repayment service directly through the repayment function in the lightning loan template of mobile banking.

At present, the credit line of China Merchants Bank's lightning loan ranges from 1000 to 500,000, but not everyone can apply for this line, which means that China Merchants Bank's lightning loan is only open to qualified customers. Moreover, to apply for a lightning loan, you must first open a China Merchants Bank card.

If you receive an invitation message from China Merchants Bank, you can meet the basic loan conditions of China Merchants Bank: good personal credit, no bad overdue records, no overdue records of loans and credit cards in the past two years, and you can apply if the amount of lightning loans can be found in the card, with a relatively high pass rate.

Just now, I also said that the scope of China Merchants Bank's lightning loan is between1000-500,000. If you are an individual customer of China Merchants Bank, the amount you can apply for is relatively high, around 300,000. The loan period is divided into one year and two years.

In fact, after reading its quota and application conditions, it is not difficult to find that the loan threshold is not very high and the quota is not small. Then why do some people say that the consequences of lightning loans are very serious? Actually, there are two main reasons.

On the one hand, it is the interest rate of lightning loan of China Merchants Bank. Its interest rate is determined according to the user's qualification. The average daily interest rate of most loans is 0.042%. Compared with other loan products, this interest rate is moderately high, so there will be some pressure to pay interest when applying for lightning loans from China Merchants Bank.

On the other hand, the products of China Merchants Bank's lightning loan were used for credit investigation at the meeting. If this product loan is overdue in the later period, this bad record will be directly used for credit investigation, which will have a certain impact on personal credit.

Generally speaking, although lightning loan can help users solve financial difficulties to a certain extent, its interest rate can indeed bring repayment pressure to many people, so everyone should be cautious.

China Merchants Bank can only be used for large-scale consumption and transfer, not for investment, stock market, real estate and other fields.

Simply put, if you want to travel, you can use the money in the lightning loan to buy home appliances, cars, weddings and so on. If you want to buy a house or stock, you can't use the money. Once the actual use of funds is inconsistent with the regulations, banks have many ways to find out.

After handling the lightning loan, the bank does not care after approving the loan, and will also conduct post-loan management from time to time to check whether other lending information (such as credit cards and loans) has been added to the lender's credit report.

The handling of mortgage loans will also be reflected in the credit report. When the bank sees that the lightning loan is followed by the date of mortgage processing, it will suspect that the lender bought a house with lightning loan. In order to prove their guess, the bank will ask the lender to provide proof of consumption of the lightning loan.